IMMO V.A. BOURG: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMMO V.A. BOURG
Largest movements
- Receivables within one year -€45,736
down €45,736 (-13.5%), from €337,593 to €291,856
of which Trade receivables: -€55,000
- Tangible fixed assets -€5,105
down €5,105 (-25.0%), from €20,420 to €15,315
- Trade debts -€57,927
down €57,927 (-31.3%), from €185,153 to €127,226
- Profit (loss) carried forward +€5,203
up €5,203 (+3.1%), from -€166,398 to -€161,195
- Gross operating margin +€2,063
up €2,063 (+83.1%), from -€2,484 to -€421
- Other operating charges +€1,091
up €1,091 (+616%), from €177 to €1,268
- Financial income -€922
down €922 (-6.1%), from €15,226 to €14,304
- Taxes +€149
up €149 (+7.4%), from €2,015 to €2,164
- Financial charges +€76
up €76 (+112%), from €67 to €143
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,213 | €307,475 | -€50,739 | -14.2% |
| Fixed assets | 21/28 | €20,420 | €15,315 | -€5,105 | -25.0% |
| Tangible fixed assets | 22/27 | €20,420 | €15,315 | -€5,105 | -25.0% |
| Land and buildings | 22 | €20,420 | €15,315 | -€5,105 | -25.0% |
| Current assets | 29/58 | €337,793 | €292,160 | -€45,634 | -13.5% |
| Amounts receivable within one year | 40/41 | €337,593 | €291,856 | -€45,736 | -13.5% |
| Trade receivables | 40 | €77,700 | €22,700 | -€55,000 | -70.8% |
| Other amounts receivable | 41 | €259,893 | €269,156 | +€9,264 | +3.6% |
| Cash at bank and in hand | 54/58 | €200 | €303 | +€103 | +51.3% |
| Total equity and liabilities | 10/49 | €358,213 | €307,475 | -€50,739 | -14.2% |
| Equity | 10/15 | €167,454 | €172,657 | +€5,203 | +3.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €272,352 | €272,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,398 | -€161,195 | +€5,203 | +3.1% |
| Amounts payable | 17/49 | €190,759 | €134,817 | -€55,942 | -29.3% |
| Amounts payable within one year | 42/48 | €190,759 | €134,817 | -€55,942 | -29.3% |
| Trade debts | 44 | €185,153 | €127,226 | -€57,927 | -31.3% |
| Suppliers | 440/4 | €185,153 | €127,226 | -€57,927 | -31.3% |
| Taxes, remuneration and social security | 45 | €5,607 | €7,592 | +€1,985 | +35.4% |
| Taxes | 450/3 | €5,607 | €7,592 | +€1,985 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,105 | €5,105 | = | 0.0% |
| Other operating charges | 640/8 | €177 | €1,268 | +€1,091 | +616% |
| Gross operating margin | 9900 | -€2,484 | -€421 | +€2,063 | +83.1% |
| Operating profit (loss) | 9901 | -€7,766 | -€6,794 | +€972 | +12.5% |
| Financial income | 75/76B | €15,226 | €14,304 | -€922 | -6.1% |
| Recurring financial income | 75 | €15,226 | €14,304 | -€922 | -6.1% |
| Financial charges | 65/66B | €67 | €143 | +€76 | +112% |
| Recurring financial charges | 65 | €67 | €143 | +€76 | +112% |
| Profit (loss) for the period before taxes | 9903 | €7,393 | €7,367 | -€26 | -0.4% |
| Income taxes | 67/77 | €2,015 | €2,164 | +€149 | +7.4% |
| Profit (loss) for the period | 9904 | €5,378 | €5,203 | -€175 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,378 | €5,203 | -€175 | -3.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.